23549 Forest Shores Dr Cassopolis, Michigan
3 bed • 2 bath • 16 guests
Purchase Price
Est. $3,776/mo
$816,500
Zestimate
$46,900
Annual Revenue
Median of 18 comps selected by Jen, creator of this analysis.
- Avg Daily Rate
- $397
- Occupancy
- 32%
$5k
$60k
$110k
$165k
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Seasonality
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-$35,133
Profit
Revenue
$46,900
Operating Expenses
$24,701
Operating Income
$22,198
Mortgage & Taxes
$57,332
Profit (Cash Flow)
-$35,133
$210,141
Cash Investment
Down Payment
$169,980
Renos & Furnishing
$14,664
Closing Costs
$25,497
Total
$210,141
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
-16.71%
Cap Rate
2.61%
STR Tax Calculator (USA)
Rental property owners can deduct depreciation, mortgage interest, and property taxes from their taxable income. See how much this property could save you. Read our tax guide.
If you buy this property, your estimated tax deduction will be...
Deductible mortgage interest
$40,337
Deductible property tax
$8,414
Estimated gross deduction
$242,308
Your income tax rate
Estimated tax savings
$72,692
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Property Overview
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